There are two targets below, and shorts who catch a ride should be alert for a bounce from either (or perhaps both: 11921 or 11877. The lower number maxes out the hourly chart, suggesting that scalpers would enjoy favorable odds attempting to bottom-fish there with a stop-loss as tight as 6-7 ticks. Keep in mind, though, they you will be getting in front of a downtrend that could only just beginning to show its power.
